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New Listing - Great home in Hearthwoood Estates!

$215,000

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Address: 9 Hearthwood Drive	City/ST: Ballston Lake, NY	Zip Code: 12019
Location: Ballston Lake	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1404	Bedrooms: 3	Bathrooms: 1 full, 1 half
MLS# 29118947	Property Tax: 3273

Great 3 bedroom, 1 1/2 bath rasied ranch on a cul-de-sac. Vaulted ceilings, finished lower level with family room and large bedroom, large deck for entertaining and nice lot. New carpet downstairs and new roof in 2006.

Last Updated: 11/16/2009 1:23:47 PM

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About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Q	What is the world's oldest wooden structure?
A	The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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Susan Svoboda, REALTOR�, real estate agent and broker for Saratoga Springs, Schuylerville, Ballston Spa and Clifton Park, New York home listings, property and land for sale - NUMBER1EXPERT

Susan Svoboda
RE/MAX Premier
90 East Avenue
Saratoga Springs, NY 12866
Office: 518-871-9040
Fax: 518-581-0701
Email: homesfromsusan@gmail.com

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